Powell again opts for high-impact monetary policy

Fireworks in the United States. At a symposium in Jackson Hole, Wyoming, focused almost exclusively on the figure of the chairman of the Federal Reserve (Fed) – due to the absence of other major bankers in the market – Jerome Powell opted for a speech full of monetary content with the who announced that interest rates would fall for the first time in September.

After eight consecutive meetings with rates unchanged, The Fed is once again showing itself to be quite fair in the face of the change of direction that its economy demands and is about to make a major turn. Powell thus returns to the policy of